BlackRock launches ETF that expands beyond the 'Magnificent Seven'
Publishing timestamp: 2024-11-01 11:17:35
Summary
BlackRock's iShares launched a new ETF called iShares Top 20 U.S. Stocks ETF (TOPT) to provide investors with a more diversified option beyond the "Magnificent Seven" stocks. The ETF aims to capture growth from the largest U.S. companies in a broader and more diversified manner. While the Magnificent Seven stocks experienced a decline, they are still up for the year. The new ETF is down 2% since its launch.
Sentiment: NEUTRAL
Tickers: JPM, .SPX, MSFT, META, .IXIC, TSLA, BLK, GOOGL, AMZN, NVDA, AAPL,
Keywords: amazon.com inc, cnbc magnificent 7 index, ishares top 20 u.s. stocks etf, apple inc, tesla inc, meta platforms inc, investment strategy, nasdaq composite, personal investing, stock markets, earnings, business news, alphabet inc, nvidia corp, blackrock inc, consumer banking, s&p 500 index, iphone, technology, jpmorgan chase & co, wall street, markets, microsoft corp, exchange-traded funds,
Source: https://www.cnbc.com/2024/10/31/megacap-tech-gets-new-blackrock-etf.html